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Six Years and Counting, Social Security Supplements, TSP penalties, & More

Posted on Thursday, 26th May 2011 by Dennis Damp

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Six years and Counting I’ve been retired 6 ½ years now and just turned 62… I’m eligible for SOCIAL SECURITY!!! I attended my nephew’s graduation party last week and for the first time understand how my aunts and uncles felt during similar events back in the 60s, 70s and 80s. Now Mary and I are […]

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How the National Debt Negatively Impacts Retirees & Updates

Posted on Tuesday, 3rd May 2011 by Dennis Damp

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We haven’t received COLAs because gas, utilities, food, health care premiums, tuition, and airfares haven’t increased for two years now; RIGHT? Are you paying less for much of anything these days! The inflation rate would equal 10% or higher if the Consumer Price Index (CPI) included food and fuel increases like it did in the […]

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How an Annuity & the TSP Are Divided in a Divorce

Posted on Friday, 29th April 2011 by Ann Ozuna

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On the Divorce Issues and Retirement Impact section we discussed in general how your federal benefits are property up for division in divorce. Here are some of the specifics: OPM must have all the information it needs in your decree or order to divide your retirement.  Therefore you must specify “gross annuity”, “net annuity,” or […]

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How to Increase Your Annuity & Updates

Posted on Tuesday, 29th March 2011 by Dennis Damp

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Robert worked for the Federal government for 4 years under FERS. He resigned in 1995 and withdrew his FERS retirement contributions and then returned to government in 1998. He now holds a career position and was not sure if he could obtain credit for his prior service that he withdrew in 1995. We receive many […]

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Your Last Day, Retiree Jobs, and Updates

Posted on Monday, 14th March 2011 by Dennis Damp

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Your last Day How can you ensure that your exit doesn’t cause you or your agency problems? There are many loose ends to sew up the last few days of employment that if not done properly can delay payment of your first check or cause other problems. I still hadn’t received my retirement Personnel Action […]

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Military Credits, Health Care, Survivor Benefits, TSP, and Updates

Posted on Tuesday, 22nd February 2011 by Dennis Damp

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Please Forward This Email to Others That Would Benefit From This Information Military Credit Clarifications Military credit is one of the most confusing issues for those planning their retirement. We recently expanded our Military Credit section to help federal employees evaluate their personal situation. Buying back your military time can increase your annuity; however, it […]

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Survivor Annuity, Retire Happy, Save a Life – Maybe Your Own, & UPDATES

Posted on Monday, 27th September 2010 by Dennis Damp

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A soon to be retired fed contacted me last month about an estimate they received from their HR department with a grossly incorrect survivor benefit cost estimate. The employee was advised that a full survivor benefit for their spouse would reduce their monthly benefit by one third!  Incorrect high estimates like this can put the […]

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FERS Supplements, Deferred Annuities and the Travel Forum

Posted on Thursday, 26th August 2010 by Dennis Damp

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The FERS supplement and deferred annuities have attracted considerable attention recently. Many are thinking seriously about early retirement these days. Thankfully we have Linda Duncan, our HR and Benefits Forum Host, available to handle these often complex issues for our site visitors. We recently added a Travel Forum and Nancy Holston’s article titled New England […]

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